Ramaco Resources, Inc. (NASDAQ:METC – Get Free Report) Director Peter Leidel sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $13.53, for a total transaction of $2,706,000.00. Following the transaction, the director owned 324,584 shares in the company, valued at approximately $4,391,621.52. This trade represents a 38.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ramaco Resources Stock Performance
Shares of METC opened at $14.87 on Friday. The company’s 50 day simple moving average is $14.84 and its 200-day simple moving average is $16.45. Ramaco Resources, Inc. has a 12-month low of $9.75 and a 12-month high of $57.80. The firm has a market cap of $969.23 million, a PE ratio of -13.52 and a beta of 1.31. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06.
Ramaco Resources (NASDAQ:METC – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The energy company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The business had revenue of $101.41 million during the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter last year, the company earned ($0.20) EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, equities analysts predict that Ramaco Resources, Inc. will post -0.27 EPS for the current year.
Institutional Investors Weigh In On Ramaco Resources
Wall Street Analysts Forecast Growth
Several analysts recently commented on METC shares. Morgan Stanley reduced their price target on shares of Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. The Goldman Sachs Group upgraded shares of Ramaco Resources from a “sell” rating to a “neutral” rating and upped their price target for the company from $14.00 to $15.00 in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Robert W. Baird reduced their price target on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, B. Riley Financial reduced their price target on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.29.
Check Out Our Latest Analysis on Ramaco Resources
Ramaco Resources News Roundup
Here are the key news stories impacting Ramaco Resources this week:
- Negative Sentiment: Ramaco was named in fresh class-action related notices tied to its senior notes offering and secondary public offering, which could raise litigation overhang and uncertainty for shareholders. Ramaco Resources Inc. Senior Notes Offering Investors (NASDAQ: METC) May Be Eligible to Recover Losses.
- Negative Sentiment: Another disclosure showed Director Peter Leidel sold shares, adding to a series of insider disposals that may signal reduced confidence or profit-taking. Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,081 Shares
- Negative Sentiment: Insider-trading coverage also highlighted multiple earlier Leidel sales, reinforcing the impression of persistent selling pressure from management and insiders. Peter A. Leidel insider transactions
- Neutral Sentiment: Shareholders recently backed the company’s directors and incentive plan, which supports governance continuity but is not a major fundamental catalyst on its own. Ramaco Resources Shareholders Back Directors and Incentive Plan
- Neutral Sentiment: Brokerage sentiment remains “Moderate Buy,” suggesting analysts still see long-term value even as near-term sentiment stays mixed. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages
About Ramaco Resources
Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.
The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.
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